ELKHART, Indiana, August 22, 2022–(BUSINESS WIRE)–LCI Industries (NYSE: LCII), which, through its wholly owned subsidiary, Lippert Components, Inc. (“Lippert”), provides, domestically and internationally, a wide range of highly engineered components for leading original equipment manufacturers (“OEMs”) in the leisure and transportation product markets, and related aftermarkets in these industries, today announced that its Board of directors had approved a regular quarterly cash dividend of $1.05 per common share.
The dividend is payable on September 16, 2022 to shareholders of record at the close of business on September 2, 2022.
About LCI Industries
LCI Industries, through its wholly-owned subsidiary, Lippert, supplies, domestically and internationally, a wide range of high-tech components for major OEMs in the leisure and transportation product markets, consisting primarily of vehicles recreation and adjacent industries, including buses; trailers used to transport boats, livestock, equipment and other goods; trucks; boats; the trains; prefabricated houses; and modular housing. The Company also supplies engineered components to the related aftermarkets of these industries, primarily by selling to retailers, wholesale distributors and service centers, as well as retail customers directly via the Internet. Lippert’s products include steel frames and related components; axles and suspension solutions; sliding mechanisms and solutions; bath, kitchen and other thermoformed products; vinyl, aluminum and frameless windows; manual, electric and hydraulic stabilizing and leveling systems; entry, luggage, patio and ramp doors; furniture and mattresses; electric and manual access steps; awnings and awning accessories; towing products; truck accessories; Electronic components; Appliances; air conditioners; televisions and audio systems; tankless water heaters; and other accessories. Additional information about Lippert and its products is available at www.lippert.com.
This press release contains certain “forward-looking statements” regarding our financial condition, results of operations, business strategies, operating efficiencies or synergies, competitive position, growth opportunities, acquisitions, management plans and objectives, our markets for the Company’s common stock, the impact of legal proceedings and other matters. Statements in this press release that are not historical facts are “forward-looking statements” for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended and involve a number of risks and uncertainties.
Forward-looking statements, including, without limitation, those relating to our future business prospects, net sales, expenses and income (losses), capital expenditures, tax rates, cash flow, financial condition, liquidity, compliance with commitments, retail and wholesale demand, integration of acquisitions, R&D investments and industry trends, wherever they appear in this press release, are necessarily estimates reflecting the best judgment of senior management of the Company at the time such statements were made. There are a number of factors, many of which are beyond the Company’s control, that could cause actual results and events to differ materially from those described in the forward-looking statements. These factors include, in addition to other matters described in this press release, the impacts of COVID-19, or other future pandemics, and the Russian-Ukrainian war on the global economy and on customers, suppliers , employees, operations and cash flow of the Company. flows, price pressures due to domestic and foreign competition, costs, availability and prices of raw materials (especially steel and aluminum) and other components, seasonality and cyclicality of the industries to which we sell our products, the availability of credit for financing the retail and wholesale purchase of products for which we sell our components, the inventory levels of retailers and manufacturers, the availability of transportation for products for which we sell our components, the financial condition of our customers, the financial condition of the retailers of products to which we sell our components, the retention and concentration of significant customers, the costs, pace and successful integration of the acquisition isitions and other growth initiatives, production facility and labor availability and costs, team member benefits, retention of team members, achievement and impact of expansion plans, efficiency improvements and cost reductions, business disruption resulting from natural disasters or other unforeseen events, successful entry into new markets, costs of compliance with environmental laws, the laws of foreign jurisdictions in which we operate, other operational and financial risks of conducting business internationally, and increased government regulation and oversight, the performance and information technology security, ability to protect intellectual property, warranty and product liability claims or product recalls, interest rates, prices and availability of oil and gas gasoline, the impact of international, national and regional economic conditions and consumer confidence on the sale has Details of the products for which we sell our components, and other risks and uncertainties are further discussed under “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021. , and in subsequent filings by the company with the Securities and Exchange Commission. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, as there can be no assurance that these forward-looking statements will prove to be accurate. The Company disclaims any obligation or undertaking to update forward-looking statements to reflect circumstances or events occurring after the date on which the forward-looking statements are made, except as required by law.
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Brian M. Hall, Chief Financial Officer